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A shopkeeper uses 940 gm weight in place of one kg weight. He sells it at 4% profit. What will be the actual profit percentage? (rounded off to two de
Question

A shopkeeper uses 940 gm weight in place of one kg weight. He sells it at 4% profit. What will be the actual profit percentage? (rounded off to two decimal places)

A.

9.25%

B.

10.32%

C.

10.64%

D.

10.96%

Correct option is C

Given:
A dishonest shopkeeper used 940 grams in place of 1000 grams
Challenge profit = 4%
Solution:
Let the cost price of 1 gram = Rs.1
 Cost price = Rs. 940
Selling price = 1000 × (100 + 4)% = Rs. 1040
Profit of dishonest shopkeeper = 1040940940×100\frac{1040 - 940}{940} × 100​ = 10.64%


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